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| --- | --- | --- |
|  |  | Lessee in connection with the use of the Aircraft. Said policy shall be an occurrence policy
and shall include Lessee as an Operator and an Additional Named Insured. |
|  |
| 8.2 |  | **Hull**. Lessor shall maintain aircraft hull insurance in the amount of Twenty One Million
Seven Hundred Thousand United States Dollars (USD$21,700,000.00) which the parties agree shall
be deemed to be the full replacement value of the Aircraft, and such insurance shall name
Lessor and any first lien mortgage holder as loss payees as their interests may appear. Said
policy shall contain a waiver of subrogation clause in favor of all Additional Named Insureds. |
|  |
| 8.3 |  | **Insurance Certificates**. Lessor will provide Lessee with a Certificate of Insurance upon
execution of this Agreement and thereafter reasonably upon request therefor. |
|  |
| 8.4 |  | **Conditions of Insurance**. Each insurance policy required hereunder shall insure the interest
of Lessee regardless of any breach or violation by Lessor of any warranties, declarations, or
conditions contained in such policies. Each such policy shall be primary without any right of
contribution from any insurance maintained by Lessee. The geographic limits, if any, contained
in each and every such policy of insurance shall include at the minimum all territories over
which Lessee will operate the Aircraft for which the insurance is placed. Each policy shall
contain an agreement by the insurer that notwithstanding the lapse of any such policy for any
reason or any right of cancellation by the insurer or Lessor, whether voluntary or
involuntary, such policy shall continue in force for the benefit of Lessee for at least thirty